Private equity, alternative lenders and the bond markets are increasingly expected to be a source of capital for refinancings of boom-era leveraged buyouts, as weaker banks are bypassed on refinancing mandates, according to a survey of borrowers and lenders by information service Debtwire.

The survey, titled "Refinancing 2012: Bank market in retreat", found that 36% of borrowers now believe that the bond markets, private equity, non-bank lenders and the stock markets will be the primary providers of capital to tackle refinancings, against 52% who said that banks would be the primary capital providers.